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NY med mal premiums drop for seventh straight year

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Last Updated: 02-08-2022
Last Updated: 02-08-2022
Written by: Michael A. Rose and Gregory Hach

NY med mal premiums drop for seventh straight year

Posted on Friday, November 7th, 2014 at 11:01 am    

An annual premium survey issued by Medical Liability Monitor in October showed that medical malpractice premiums have dropped for three bellwether specialties in New York for the seventh straight year.

Physicians’ Reciprocal Insurers, a medical malpractice carrier for obstetrician/gynecologists in the New York counties of Nassau and Suffolk located east of Queens, said rates went down to $214,999 in 2014 from $227,899–a drop of almost 6%.

Malpractice premiums for overall medical fields decreased on average of 1.5% for obstetrician/gynecologists, internists, and general surgeons, which is a little lower than the 1.9% drop in 2013. Specialty rates, on the other hand, declined 1.6% for internists, 1.3% for general surgeons, and 1.7% for obstetricians/gynecologists.

A person greatly values his or her health, so if that health comes into risk due to an error committed by physicians or health care practitioners, it is understandable that the person would want to press legal action and demand to be compensated for his troubles. If this situation happens to you in New York, employ the legal services of our attorneys at Hach & Rose, LLP, by calling (212) 779-0057 today.

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